NERA Economic Consulting Launches www.Illinois-Auction.com -- A New Website for Illinois Power Procurement on Behalf of Commonwealth Edison, AmerenCilco, AmerenCIPS, and AmerenIP
1 February 2006
NEW YORK, Feb. 1/PRNewswire/ -- NERA Economic Consulting, an international firm of experts on how markets work, launched a new website for power procurement for the retail customers of Commonwealth Edison and the Ameren utilities in Illinois. The Illinois Commerce Commission ordered that a statewide, descending clock auction be conducted in September 2006 for supply to flow beginning January 2007. NERA will manage this competitive bidding process for procurement of full requirements electric supply that will span multiple years.
The website -- www.Illinois-Auction.com -- will be the central source of information for the auction, providing general information for all stakeholders as well as detailed information for prospective bidders. Although the site is still under development and currently offers limited information, prospective bidders and interested stakeholders are encouraged to register now to automatically receive announcements regarding the auction, as well as notifications when new information is posted.
Ultimately, the site will provide:
- An overview and the details of the descending clock auction process;
- Current versions of supply contracts, auction rules, and application documents;
- Retail customer data;
- Up-to-date announcements and information;
- Registration for automatic email notification of website announcements and updates;
- Access to relevant regulatory information, including auction results; and
- A public forum to easily ask questions and obtain answers about the auction.
For more information on the Illinois Auction website, please contact Dr. Chantale LaCasse at +1 202 466 9218.
About NERA
NERA Economic Consulting is an international firm of economists who understand how markets work. Our 45 years of experience creating strategies, studies, reports, expert testimony, and policy recommendations reflects our specialization in industrial and financial economics. Our global team of more than 500 professionals operates in 20 offices across North and South America, Europe, Asia, and Australia.
NERA Economic Consulting (www.nera.com), founded in 1961 as National Economic Research Associates, is a subsidiary of Mercer Specialty Consulting, an MMC company.
